> The index of every page is at https://docs.nova.markets/llms.txt. The complete documentation in one file is at https://docs.nova.markets/llms-full.txt.

# Conviction Tokens

Address: https://docs.nova.markets/#/revshare
Section: Conviction Markets

The token that gives holders a lifetime share of each market’s fees. Every listed market has one.

## Getting Conviction Tokens

- Back a market in the Conviction Drop. Everyone who backs receives, pro rata and the winner's backers get a boosted share.
- Propose a market that is listed on a Conviction Drop.
- Buy in the open market.

A Conviction Token pays **75% of its market's trading fees** pro rata to its holders. Trading fees are the opening fee and the closing fee. What that is worth depends on how much the market trades, the larger the volume the more it is worth.

## Claiming your accrued fees

Fees accrue in USDC and stay there until you claim. Claim your share at any time.

## Trading Conviction Tokens

Conviction Tokens are ERC-20 tokens and can be transferred or traded. The app points you to the marketplace where each token's liquidity lives. Selling passes future fees to the buyer; what has already accrued stays yours.